The rating on Kentwood Public Schools, Mich.'s limited-tax GO bonds reflects the district's limited ad valorem full faith and credit tax pledge. Additional credit factors include the district's: Participation in the manufacturing-based Grand Rapids area economy, Adequate financial performance, Above-average wealth and income levels, Rapid debt amortization, and Moderate debt levels. At the same time, Standard and Poor's affirms Kentwood Public Schools' unlimited-tax GO rating of 'A+'. The ratings are differentiated by one notch, reflecting the fact that the district is levying at its statutory levy limits. The district abuts Grand Rapids, Mich. and shares in its sizable manufacturing-based economy, which has a significant presence in the furniture, automobile parts, and consumer-products industries. The largest area employers include Meijer Inc.
